Mendisadd Incorporated FY2024 filing

Not tax-deductible

Tasley, VAMutual-benefit / member-servingEIN 52-1444290Revenue $259K in FY2024

On file with the IRSPo Box 318, 23441-0318 · Tasley, VATax-exempt since Jun 1986

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To acquire, improve, and lease facilities to tax exempt organizations.

Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $241K a year · 100% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Liabilities
$308K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$259K
+452% vs prior year
Spent
$0
Net assets
$2.6M
By yearFY2021–FY2025
Revenue
$259K
FY2024▲ +452%
Tap a bar for its year
Revenue by fiscal year
FY2021$4K
FY2022−$19K
FY2023$47K
FY2024$259K
FY2025$913K
Expenses
$0
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Net assets
$2.6M
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.3M
FY2022$2.3M
FY2023$2.3M
FY2024$2.6M
FY2025$3.5M

From the FY2024 Form 990 (year ending June 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Chairperson
$0Pt VII · Sec A
Vice Chairpe
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Mendisadd Incorporated executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Acquires, improves, and leases facilities to tax-exempt organizations.

Provided by the organization

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$259K
Ln 12
Investment incomeLn 3$401K
Money outPt IX
$0
Ln 25
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$709K
Total assetsLn 16$2.9M
LiabilitiesLn 26$308K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$401K
Gains on assetsLn 7$385K
Total revenueLn 12$259K
Assets in detailPt X, end of year
CashLn 1$709K
Cash and savings togetherLn 1–2$709K
Land, buildings, equipmentLn 10c$2.2M
Total assetsLn 16$2.9M
LiabilitiesLn 26$308K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$423K$709K
Land, buildings, equipmentLn 10c$2.2M$2.2M
Total assetsLn 16$2.8M$2.9M
LiabilitiesLn 26$466K$308K
Net assetsLn 32$2.3M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Total functional expensesLn 25$0$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $913K$0$913K$3.5M 990 PDF
FY2024 Viewing $259K$0$259K$2.6M 990 PDF
FY2023 $47K$0$47K$2.3M 990 PDF
FY2022 −$19K$0−$19K$2.3M 990 PDF
FY2021 $4K$0$4K$2.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $259,386 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $91,457$401,001
I-11 Other revenuePrior year −$44,453−$141,615
I-12 Total revenuePrior year $47,004$259,386
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$0
I-18 Total expenses$0
I-19 Revenue less expensesPrior year $47,004$259,386
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $259,386 across 4 lines filed
VIII-3 Investment incomeRelated to mission $16,039$16,039
VIII-6 Net rental income or lossRelated to mission −$141,615−$141,615
VIII-7 Net gain or loss on sales of assetsExcluded from tax $384,962$384,962
VIII-12 Total revenueRelated to mission −$125,576 · Excluded from tax $384,962$259,386
Part IX · Statement of functional expenses $0 across 0 lines filed
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0
Part X · Balance sheet $2,911,421 assets, 10 lines filed
Asset lines not itemized here account for $31,179; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $422,690$708,794
X-4 Accounts receivableStart of year $102,457$4,151
X-10c Land, buildings and equipment, netStart of year $2,245,988$2,167,297
X-16 Total assetsStart of year $2,810,024$2,911,421
X-17 Accounts payable and accrued expenses$48
X-19 Deferred revenueStart of year $100,311$4,746
X-26 Total liabilitiesStart of year $466,052$308,308
X-27 Net assets without donor restrictionsStart of year $2,343,972$2,603,113
X-32 Total net assets or fund balancesStart of year $2,343,972$2,603,113
X-33 Total liabilities and net assetsStart of year $2,810,024$2,911,421
Part XI · Reconciliation of net assets $2,603,113 net assets at year end
XI-1 Total revenue$259,386
XI-2 Total expenses$0
XI-3 Revenue less expenses$259,386
XI-4 Net assets at start of year$2,343,972
XI-9 Other changes in net assets−$245
XI-10 Net assets at end of year$2,603,113

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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